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Bullion Market Trends For Today

We are Provide Research Calls On All Segments Of Share Market Like  Bullion Market Trends, base metal, equity market, future & options, as well as forex market.

GOLD NEWS

gold

Gold prices dipped in Asia on Tuesday as investors awaited talks in Brussels on the forward for Greece. Earlier, Greek Prime Minister Alexis Tsipras received hard news from International Monetary Fund Managing Director Christine Lagarde on Monday that policy prohibits lending to countries that have missed payments, although it can offer advice of the staff, an IMF spokesman said. Greece missed payments to the IMF on June 30. As well, U.S. President Barack Obama and Treasury Secretary Jack Lew each spoke to key officials in Europe Monday. Euro zone leaders and related officials are set to meet in Brussels July 7 to hash out the next steps on Greece.

BASE METAL

copper

The September-delivery copper on SHFE lost 1,580 yuan during daytime trading Monday, to end below 41,000 yuan per ton, as concern over Greek debt issue grew and China’s stock market failed to turn around. Is the red metal heading for a new 2015 low? “Recent plunge in China’s stock market was a great shock for investors, and copper prices may probably break below 40,000 yuan should this panic continue to spread,” said analyst of COFCO in a recent interview. “The escalation of Greek crisis and weak market fundamentals will combine to send copper prices lower,” analyst of Western Futures holds the same opinion.

 

ENERGY NEWSenergy

Crude oil prices rebounded in Asia on Tuesday as investors deemed a selloff based on a trove of bearish news, from Greece’s ‘No’ vote and China’s stock market woes to an OPEC production surge, overdone. In June, output by the world’s largest oil cartel increased by 170,000 to 31.28 million bpd, nearly 1.3 million bpd above its targeted production ceiling of 30 million, Platts said. U.S. Secretary of State John Kerry said he is unsure if a final nuclear agreement with Iran can be reached by Tuesday’s deadline. A nuclear deal is viewed as bearish for crude, as Iran reportedly hoards 30 million barrels of crude in its reserves ready for export.

BULLION & ENERGY

CS GOLD (AUGUST) OVERVIEW:gold

TREND MIXED TO BEARISH
RESIST 2:26520
RESIST 1:26480
SUP1:26240
SUP2:26125
STRATEGY: SELL ON RISE

CS SILVER (JULY) OVERVIEW:

silver-1TREND MIXED TO BULLISH
RESIST 2:36650
RESIST 1:36430
SUP1: 35860
SUP2:35530
STRATEGY: BUY ON DIPS

CS CRUDE OIL (JUNE) OVERVIEW:

crude oil

TREND MIXED TO BEARISH
RESIST 2:3550
RESIST 1:3500
SUP1:3340
SUP2:3255
STRATEGY: SELL ON RISE

CS NATURAL GAS (JUNE) OVERVIEW:

Natural-Gas

TREND MIXED TO BEARISH
RESIST 2:179
RESIST 1:177
SUP1:172
SUP2:169
STRATEGY: SELL ON RISE

BASE METAL

base metals

CS COPPER (JUNE ) OVERVIEW:

TRENDMIXED TO BEARISH
RESIST 2: 372
RESIST 1: 369
SUP 1: 355
SUP 2: 351
STRATEGY: SELL ON RISE

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